Industry executives said this is the first time Samsung has cut prices of new models less than two months after launching them because the South Korean giant wants to stay ahead of online focused brands such as TCL, Xiaomi, BPL, Vu, Sanyo and Kodak

Reliance Retail, which is the country’s largest brick-and-mortar retail chain, has launched an online shop front for its smartphone and electronics format Reliance Digital, which is also the country’s largest electronics retailer

With its new range of appliances, equipped with ECONAVI inverter technology, Panasonic expects to capture around 5% of the frost-free refrigerator market and 10% of the washing machine market by FY2021